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REGISTERED NUMBER: 04281627 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DOUBLESTREAM LIMITED

DOUBLESTREAM LIMITED (REGISTERED NUMBER: 04281627)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOUBLESTREAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr B P Higginson
Mrs L A Higginson





SECRETARY: Mrs L A Higginson





REGISTERED OFFICE: 51 Golden Cross Road
Rochford
Essex
SS4 3DL





REGISTERED NUMBER: 04281627 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

DOUBLESTREAM LIMITED (REGISTERED NUMBER: 04281627)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 882 1,175
Investment property 5 5,283 5,283
6,165 6,458

CURRENT ASSETS
Debtors 6 14,354 13,481
Cash at bank 50,503 55,508
64,857 68,989
CREDITORS
Amounts falling due within one year 7 (20,609 ) (20,193 )
NET CURRENT ASSETS 44,248 48,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,413

55,254

PROVISIONS FOR LIABILITIES 8 (167 ) (223 )
NET ASSETS 50,246 55,031

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 50,244 55,029
SHAREHOLDERS' FUNDS 50,246 55,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DOUBLESTREAM LIMITED (REGISTERED NUMBER: 04281627)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





Mr B P Higginson - Director


DOUBLESTREAM LIMITED (REGISTERED NUMBER: 04281627)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Doublestream Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

DOUBLESTREAM LIMITED (REGISTERED NUMBER: 04281627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 2,451 4,348 6,799
DEPRECIATION
At 1 June 2022 2,377 3,247 5,624
Charge for year 18 275 293
At 31 May 2023 2,395 3,522 5,917
NET BOOK VALUE
At 31 May 2023 56 826 882
At 31 May 2022 74 1,101 1,175

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 5,283
NET BOOK VALUE
At 31 May 2023 5,283
At 31 May 2022 5,283

In the opinion of the directors, the investment property is stated at fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 9,936 9,936
Other debtors 4,418 3,545
14,354 13,481

DOUBLESTREAM LIMITED (REGISTERED NUMBER: 04281627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 17,591 13,204
Other creditors 3,018 6,989
20,609 20,193

8. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax
Accelerated capital allowances 167 223

Deferred
tax
£   
Balance at 1 June 2022 223
Provided during year (56 )
Balance at 31 May 2023 167

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
2 Ordinary £1 2 2

10. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the directors. Amounts charged to the profit and loss account were £Nil for the year (2022: £10,000). There were no outstanding contributions at the balance sheet date.